As per GoldOperator Report today

On Monday, gold costs declined by one.7 p.c to a seven week low and headed for its biggest sooner or later loss since Nov on account of strengthening dollar and rise in ten years treasury yield. Gold did not enjoy dollar weakness within the second quarter, as this was driven for the most part by expectations for modification financial policy outside the u. s.. U.S. Mint sales of yank Eagle gold coins reached 192,500 ounces within the half of the year, all-time low for this era in an exceedingly decade. The Perth Mint’s gold sales in June fell thirty-nine p.c year on year. On the MCX, gold costs declined by one.25 p.c to shut at Rs.28250 per ten gms.

Outlook
Lowest sale of gold coins in an exceedingly decade within the United States, expectations of modification financial policy outside the United States and rise in bond yields area unit factors exerting draw back pressure in gold. On the MCX, gold costs area unit expected to trade lower these days, international markets area unit commercialism higher by zero.22 p.c at $1223 per ounce.